AFSL

Features

The financial services regulator responded to Royal Commission criticism with a ‘why not litigate?’ approach. Jassmyn Goh finds out what this means for advisers and how t...

Financial planning

CountPlus to gain 359 advisers from Count Financial

The firm will acquire Count Financial from Commbank for $2.5 million....

Features

Advice and accounting – convergence

Mike Taylor writes that new research conducted by Money Management has confirmed general acceptance of the convergence of accounting and advice but only on the right term...

People & Products

ClearView’s LaVista adds new clients

ClearView’s licensee solutions subsidiary, LaVista Licensee Solutions has reported the growth in clients’ numbers which is helped by self-licensing trend....

Financial planning

AAT upholds ASIC ban of client adviser

The AAT has affirmed ASIC’s to ban Mark Menzies from providing financial services, after he had engaged in manipulation of the price of MINI Warrants commonly known as “M...

Policy & Regulation

ASIC overstepping in approving responsible managers

The Australian Securities and Investments Commission is causing headaches for Australian Financial Services licensees by approving responsible managers despite there bein...

Financial planning

ASIC wraps up CBA compensation compliance checks

ASIC has released the final report on the Commonwealth Bank’s compliance with additional licence conditions that were imposed regarding advice compensation, written by Ko...

Policy & Regulation

Exclude advice obligations from insurance claims – ASFA

Insurance claims handling should not be encumbered by the same obligations as financial advice because it would risk making it unaffordable to super fund members, accordi...

Financial planning

ASIC imposes additional conditions on SMSF Advisers Network

The Australian Securities and Investment Commission has imposed additional licence conditions on SMSF Advisers Network....

Superannuation

AAT decision puts past offenders on notice

The Administrative Appeals Tribunal has upheld a decision to refuse Superannuation Warehouse’s application for a limited Australian financial services licence, after its ...

Financial planning

Futuro ends AMP link

Brisbane-based financial planning firm, Futuro Financial Services has declared an end to his long-running AMP relationship....

Policy & Regulation

Kaz Capital hit with further compliance review

ASIC has imposed additional conditions on the Australian financial services licence of Kaz Capital, following concern on the adequacy and effectiveness of the company’s c...

Policy & Regulation

ASIC cancels Financial Circle’s licence

The Australian Securities and Investments Commission has cancelled the Australian financial services licence and credit licence of Financial Circle....